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Reuters - 3 hours ago

Norwegian Air cuts full-year outlook, shares fall

UPDATE 3-Norwegian Air cuts full-year outlook, shares fall Adds share reaction COPENHAGEN, July 4 (Reuters) - Norwegian Air NAS.OL lowered its annual profit outlook on Thursday citing lower-than-expected second-quarter demand and aircraft delivery delays from Boeing >, knocking its shares. The airline said the delays had forced Norwegian to source external capacity.
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Reuters - 22 hours ago

Southwest Airlines adopts 'poison pill' after Elliott pushes for changes

UPDATE 3-Southwest Airlines adopts 'poison pill' after Elliott pushes for changes Updates with shares in paragraph 10 July 3 (Reuters) - Southwest Airlines LUV.N adopted a so-called "poison pill" to deter Elliott Investment Management from raising its stake in the carrier after the activist investor called for leadership changes following disappointing financial results.
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Reuters - 2 days ago

Passengers from diverted Air Europa flight recount turbulence ordeal

UPDATE 2-Passengers from diverted Air Europa flight recount turbulence ordeal Flight from Madrid to Montevideo had to land in Brazil Some 30 passengers hurt, six remain in hospital Replacement Air Europa flight takes off for Uruguay Updates injured, adds four people were taken to intensive care units in paragraphs 1 and 8 By Alexandre Lago NATAL, Brazil, July 2 (Reuters) - Passengers from an Air Europa flight diverted to northeastern Brazil due to severe turbulence on Monday said they feared for
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Reuters - 2 days ago

Turkish Airlines orders four more Boeing 777 Freighters

Turkish Airlines orders four more Boeing 777 Freighters July 2 (Reuters) - Turkish Airlines said on Tuesday it had ordered four more Boeing BA.N 777 Freighters. With this new order, Turkish Airlines will operate 12 of the 777 Freighters. Reporting by Nathan Gomes in Bengaluru; Editing by Devika Syamnath
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Reuters - 2 days ago

Turkish Airlines Orders Four More Boeing 777 Freighters

BRIEF-Turkish Airlines Orders Four More Boeing 777 Freighters July 2 (Reuters) - Boeing Co BA.N : TURKISH AIRLINES ORDERS FOUR MORE BOEING 777 FREIGHTERS Source text for Eikon: ID:nPn5hRpkha Further company coverage: BA.N
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Reuters - 2 days ago

Air Canada to get eight Boeing 737 MAX jets from lessor BOC Aviation

UPDATE 1-Air Canada to get eight Boeing 737 MAX jets from lessor BOC Aviation Adds details from release throughout July 2 (Reuters) - Air Canada AC.TO said on Tuesday that it has agreed to receive eight Boeing BA.N 737 MAX 8 jets from lessor BOC Aviation. The jets are scheduled for delivery in 2024 and will undergo required modifications before entering service next year.
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Reuters - 2 days ago

Air Canada To Receive Eight Boeing 737-8 Aircraft

BRIEF-Air Canada To Receive Eight Boeing 737-8 Aircraft July 2 (Reuters) - Air Canada AC.TO : AIR CANADA TO RECEIVE EIGHT BOEING 737-8 AIRCRAFT AIR CANADA: EIGHT AIRCRAFT ARE SCHEDULED FOR DELIVERY IN 2024 AIR CANADA: EIGHT AIRCRAFT WILL UNDERGO REQUIRED MODIFICATIONS BEFORE ENTERING SERVICE IN 2025 Source text for Eikon: ID:nCNWlGGqVa Further comp
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Reuters - 2 days ago

Air Canada to get eight Boeing 737 jets from lessor BOC Aviation

Air Canada to get eight Boeing 737 jets from lessor BOC Aviation July 2 (Reuters) - Air Canada AC.TO said on Tuesday that it has agreed to receive eight Boeing BA.N 737-8 jets from lessor BOC Aviation. Reporting by Nathan Gomes in Bengaluru; Editing by Shailesh Kuber
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Reuters - 2 days ago

Passengers from diverted Air Europa flight recount turbulence ordeal

Passengers from diverted Air Europa flight recount turbulence ordeal Flight from Madrid to Montevideo had to land in Brazil Some 30 passengers hurt, seven more seriously injured Replacement Air Europa flight takes off for Uruguay By Alexandre Lago NATAL, Brazil, July 2 (Reuters) - A passenger from an Air Europa flight diverted to northeastern Brazil on Monday due to severe turbulence said passengers had feared for their lives during the incident in which about 30 people were injured.
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Reuters - 2 days ago

TD Cowen raises Spirit Aerosystems PT after Boeing offer

BUZZ-TD Cowen raises Spirit Aerosystems PT after Boeing offer ** TD Cowen raises PT for Spirit Aerosystems SPR.N to $37.25 from $35, rating SPR stock "buy" ** New price target represents a 9.65% upside to SPR stock's last close ** Boeing BA.N said on Monday it would buy SPR in a $4.70 bln deal ** Brokerage raises PT to match BA's acquisition offer
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Reuters - 2 days ago

Spirit Aero chief in spotlight as Boeing searches for new CEO

Spirit Aero chief in spotlight as Boeing searches for new CEO Patrick Shanahan, Spirit Aero CEO, is a notable candidate due to his Boeing experience Shanahan's tenure at Spirit has faced challenges, including a mid-air panel blowout incident Some industry experts question whether Shanahan can change Boeing's culture despite his long association By Rajesh Kumar Singh CHICAGO, July 2 (Reuters) - Boeing's BA.N long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSyste
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Reuters - 2 days ago

Qatar Airways posts 39% jump in annual profit to record $1.67 billion

Qatar Airways posts 39% jump in annual profit to record $1.67 billion DUBAI, July 2 (Reuters) - Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday. Revenue grew by 6% to 81 billion riyals in the year ended March 31, the government-owned airline said. It carried more than 40 million passengers and recorded a load factor of 83%.
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Reuters - 2 days ago

Philippines' Cebu Air to order at least 70 Airbus planes

UPDATE 2-Philippines' Cebu Air to order at least 70 Airbus planes Adds quotes, detail MANILA, July 2 (Reuters) - Philippine budget airline Cebu Air Inc CEB.PS said on Tuesday it has agreed to buy a minimum of 70 AIR.PA A321neo aircraft, with options for more, to secure its long-term fleet expansion needs. Cebu Air, which operates under the name Cebu Pacific , has plans to double its fleet by 2035 to take advantage of a long-term travel boom across Southeast Asia following the pandemic.
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Reuters - 2 days ago

British Business - July 2

PRESS DIGEST-British Business - July 2 July 2 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Higher interest rates helped to drive a near-doubling of revenues at Revolut to 1.8 billion pounds ($2.28 billion) last year and pushed profits at the fast-growing financial technology company to record levels.
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Reuters - 2 days ago

GE Aerospace extends CEO Culp's contract till end of 2027

GE Aerospace extends CEO Culp's contract till end of 2027 July 1 (Reuters) - GE Aerospace GE.N said it has extended chief executive Larry Culp's tenure till the end of 2027, with a possibil i ty of further extension by another year, a regulatory filing showed on Monday. The decision comes two weeks after reports suggested that Culp declined Boeing's BA.N offer to join the U.S.
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Reuters - 3 days ago

How a Boeing plea deal could affect the planemaker

EXPLAINER-How a Boeing plea deal could affect the planemaker By Chris Prentice, Mike Spector July 1 (Reuters) - The U.S. Justice Department will criminally charge Boeing BA.N with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial, people familiar with the matter said on Sunday . Boeing will have until the end of the week to respond to an offer of a plea deal from the Justice Department, the sources said.
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Reuters - 3 days ago

How jetmakers divided up struggling supplier Spirit AeroSystems

How jetmakers divided up struggling supplier Spirit AeroSystems Boeing agrees $4.7 billion deal to buy back Spirit AeroSystems Airbus sought compensation to take over loss-making activities Spirit to seek buyers for some assets to cover payment to Airbus By Mike Stone, Tim Hepher, Abhijith Ganapavaram WASHINGTON, July 1 (Reuters) - Hashed out in three-way talks between plane giants and one of their key suppliers, Boeing's BA.N $4.7 billion deal to buy back Spirit AeroSystems SPR.N is a rare tria
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Reuters - 3 days ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds BlackRock, Boeing, Poste Italiane and Robinhood Markets July 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2 000 GMT on Monday: * * Italy's Treasury has picked accounting firm KPMG to put a price tag on PagoPA, a company handling digital payments to the public administration, as it prepares to sell the business to the state mint and postal service Poste Italiane PST.MI , people close to the matter said.
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Reuters - 3 days ago

S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT S&P 500 .SPX Top Performers Percent Change Tesla Inc TSLA.OQ +6.4% Merck & Co Inc MRK.N +3.4% Vistra Corp VST.N +2.6% Boeing Co BA.N +2.5% Constellation Energy Corp CEG.OQ +2.4% Bottom Performers Percent Change Norwegian Cruise Line Holdings Ltd NCLH.N -5.5% Caesars Entertainme
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Reuters - 3 days ago

Moody's Ratings Has Placed All Of Ratings Of Spirit Aerosystems On Review For Upgrade

BRIEF-Moody's Ratings Has Placed All Of Ratings Of Spirit Aerosystems On Review For Upgrade July 1 (Reuters) - MOODY'S: MOODY'S RATINGS HAS PLACED ALL OF RATINGS OF SPIRIT AEROSYSTEMS ON REVIEW FOR UPGRADE
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